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Currency Strength Meter Pro for EA MT4

80 USD

Demo downloaded: 30

Published: 20 July 2020

Current version: 4.0

Currency Strength Meter Pro for EA MT4

Indicators
ALEKSANDR SHUKALOVICH
Version: 4.0
Updated: 18 December 2023
Activations: 8

Currency Strength Meter is the easiest way to identify strong and weak currencies. The indicator shows the relative strength of 8 major currencies: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD.

By default the strength value is normalised to the range from 0 to 100 for RSI algorithm:

The value above 60 means strong currency;
The value below 40 means weak currency;

The indicator is created and optimized for using it externally at an Expert Advisors or as a Custom Indicator inside your programs.

For direct usage as an indicator there are several special versions for it:

Currency Strength Meter indicator supports many powerful features:

Currency Strength Meter Graph (shows strength of currencies with graphic lines);
Allows to calculate average currency strength from specified timeframes;

Many algorithms for calculation of currencies strength (MACD, RSI, CCI, RVI, MFI, Stochastic, DeMarker, Momentum);
Moving average smoothing (allowed to smooth result with specific algorithms);
Latency (allowed to calculate currency strength with specified interval, thus it takes less time for calculation);

The indicator needs history data of all 28 major currency pairs and 9 timeframe.

Use the Expert Adviser DownloadHistory28a9.ex4 to download market history data automatically: https://www.mql5.com/en/blogs/post/728216.

Relative links:

Read this article to get more knowledge How to use Currency Strength Meter Pro to write your own Expert Advisor for MT4

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Version 4.0 2023.12.18

Improved CCI algorithm and its coordinate system is converted to dimension from 0 to 100 values.
Improved RVI algorithm and its coordinate system is converted to dimension from 0 to 100 values.
Improved Momentum algorithm and its coordinate system is converted to dimension from 0 to 100 values.
Improved DeMarker algorithm.
Improved MACD algorithm.
Added ADX algorithm for instruments' volatility measurement (not to measure strength, the higher the value, the higher the volatility of the instrument).
"Update on every tick " now updates CSM data if new quote would be received for any of monitoring pairs.
Updated contact information at indicator's "About" property tab.
Improved logging.
Recompiled with new MQL compiler and others minor improvements and fixes.

Version 3.0 2023.02.17

Improved support of partial strength calculation if not all required history data is available.
Improved indicator work stability.
Improved trace messages.
Fixed mistype at trace messages.
Fixed out of range error in some cases.

Version 2.20 2022.10.17

Added MACD algorithm for currencies' strength value calculation.

Version 2.12 2022.08.30

Workaround incorrect GBP symbols parsing by IG broker.

Version 2.11 2022.08.23

Workaround incorrect symbol parsing by IG broker.

Version 2.10 2022.07.25

Improved strength value calculation if new candle for some pairs of 28 is appeared and for some pairs of 28 new candle is not appeared yet (haven't received new ticks for some pairs of 28 at time when new candle should be formed).

Version 2.0 2022.06.19

Added "Disabled" log level and it's used by default.
Improved strength calculation speed.
Improved log messages and added new messages to log.
Workaround incorrect symbol parsing by XM broker.
Refactoring and many other improvements.

Version 1.5 2022.01.03

Added tracing for terminal information, broker information, MQL program information and input parameters information.

Version 1.4 2021.07.31

Fixed DeMarker algorithm name.
Optimized currency strength calculation by caching values for every update.
Momentum algorithm values for strength calculation is multiplied by 100.
RVI algorithm values for strength calculation is multiplied by 100.

Version 1.3 2021.04.05

Fixed indicator buffer index out of range error for some CSM Algorithms.

Version 1.2 2020.12.31

Fixed "cannot set millisecond timer (16)" error while loading indicator via iCustom.

Version 1.1 2020.11.17

Added support for current chart timeframe for all expressions.
Fixed updating indicator data when market is closed, when there is not any ticks.